by Jeff Bergner
Mercatus Center
March 29, 2013
America’s fiscal problems are best addressed by a combination of tax reform and spending cuts to encourage economic growth. The idea of cutting federal spending across-the-board is much maligned in Washington. Such cuts are often referred to as using a “meat ax,” as opposed to more carefully targeted cuts, which are compared to using a “scalpel.” Interest group pressure will weigh in against targeted cuts, however, and especially in our current divided government, across-the-board cuts are the only realistic way to cut spending.

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